That oils true purpose is to keep the earths crust lubricated and cool...if we keep extracting it more natural disasters are going to take place

I won't argue that. Everything has it's original purpose, even if the purpose is nothing at all until we give it purpose. Some wingnut in here said that fruits/vegetables and animals purpose is for Humans to have something to eat. I digress.

The solution however is not Water because what are the consequences of that?